Financial Express Ahmedabad - February 06, 2025
Financial Express Ahmedabad - February 06, 2025
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In this issue
February 06, 2025
IBBI Moots Coordinated Resolution for Linked Entities
TO ENHANCE THE efficiency and effectiveness of the resolution process, the Insolvency and Bankruptcy Board of India (IBBI) has proposed to introduce a mechanism for coordination of the corporate insolvency resolution process (CIRP) of interconnected entities.
1 min
Services PMI plunges to 26-month low in January
Slow Growth
1 min
RIL, Others Pledge ₹75K Cr for Bengal
SEVERAL CORPORATE HOUSES on Wednesday came forward with big investment proposals at the Bengal Global Business Summit (BGBS) with conglomerates Reliance Industries, JSW Group and RP Sanjiv Goenka group making commitments of more than ₹75,000 crore.
2 mins
Open market sales to help curb food subsidy in FY26, says govt
Despite an annual increase in the minimum support prices (MSP) pushing up economic costs of grain handling, the government has estimated a flat growth for food subsidy in the next financial year over the revised estimate (RE) for the current year.
1 min
Bharat TradeNet Likely to Be Run by New Agency
BHARATTRADENET (BTN), a platform that the government has proposed for a single interface for trade documentation, will need a specialized agency for implementation and would take at least 2-3 years to become operational, a senior official said.
1 min
Homebuyers to get possession during resolution process: IBBI
SAFEGUARDING BUYERS
2 mins
States' capex may witness moderate growth in FY25
Spending by top 16 states down 4% on-year in April-Dec
2 mins
Gaza to be 'Riviera of the Middle East', vows Trump
PROPOSAL SENDS DIPLOMATIC SHOCKWAVES ACROSS THE WORLD
2 mins
Nissan Calls Off Merger Talks With Honda
NISSAN LOOKS SET to step back from merger talks with rival Honda, two sources said on Wednesday, calling into question a $60 billion tie-up to create the world's no. 3 automaker and potentially leaving Nissan to drive its turnaround alone.
1 min
Ananya Birla Announces New Venture
ANANYA BIRLA, daughter of Aditya Birla Group chairperson Kumar Mangalam Birla, on Wednesday launched a new venture in the fast-growing beauty and personal care (BPC) segment.
1 min
Debt Recovered 'Multiple Times Over', Claims Mallya in HC
FUGITIVE BUSINESSMAN VIJAY Mallya on Wednesday claimed before the Karnataka high court that the ₹6,200 crore debt he owes to banks has been recovered \"multiple times over,\" and sought a statement, detailing the amounts recovered from him, United Breweries (UBHL, now in liquidation), & other certificate debtors.
1 min
Kylaq on Zepto? Only test drive, clarifies CEO
Zepto's teaser ad showing a delivery executive picking up the Skoda Kylaq from the showroom, loading it onto a truck and delivering it to a customer's house, has created a buzz. But Zepto isn't going to be delivering cars which have been paid for; it will simply get a car to your home in 10 minutes for a 'test drive'.
2 mins
Swiggy's loss in Q3 widens as q-comm investments rise
Swiggy on Wednesday reported a higher-than-expected net loss for the October-December quarter at ₹799.9 crore, up from ₹574.3 crore in Q3FY24.
1 min
Ola Forays Into E-bike Segment With Launch Of Roadster X Series
Ola Electric officially entered the EV motorcycle segment with the launch of the Roadster X series, starting at ₹74,999.
2 mins
Relief for TAFE in Madras HC on Massey Ferguson brand usage
Tractors and Farm Equipment (TAFE) on Wednesday said the Madras high court has ordered a status quo on the usage of the Massey Ferguson brand in India in its favour.
1 min
Google May Provide Chips for AI Mission in Next Phase
US giant's tensor processing units are AI accelerators built for data centres
1 min
Adani Enterprises' capex at one-third of guidance in FY25
ADANI ENTERPRISES (AEL), the flagship company of the Adani Group with interests in new energy, transport and data centres, will close FY25 with a capital expenditure (capex) of ₹30,000 crore which will be less than one-third of the guidance provided previously.
1 min
Happiest Minds sees 30% rise in revenue for FY25
HAPPIESTMINDS TECHNOLOGIES is witnessing improved demand for IT services and a renewals in deals, particularly as optimism grows following the conclusion of elections in the US and it is also hopeful of hitting or coming close to at least 30% revenue growth for FY25.
1 min
Adani Wilmar set for a new identity soon
ADANI WILMAR WILL transition to a new name and increase its investment in food and FMCG after the exit of the Adani Group from the joint venture at the end of the current financial year.
1 min
No more BITs and pieces
A new model bilateral investment treaty should set up a reciprocal framework of investment rules
2 mins
'Superagents are the next big thing in AI'
MD, SAP LABS INDIA; CHAIRPERSON, NASSCOM
1 min
Citi Appoints Balasubramanian as Head of India Operations
GLOBAL BANKING MAJOR Citi on Wednesday announced the appointment of K Balasubramanian as the head of India business.
1 min
BlackRock Plans to Hire 1,200 for India Business
BLACKROCK PLANS TO hire nearly 1,200 people to expand two support hubs in India and build out its artificial intelligence capabilities in the country, according to people familiar with the matter.
1 min
Federal Bank aims to grow CASA deposits
FEDERAL BANK IS aiming to increase the share of current account and savings account (CASA) to protect its net interest margins, which could come under pressure as the Reserve Bank of India is likely to begin its rate cut cycle, said Harsh Dugar, executive director of the lender.
1 min
NSE Clearing Fails to Meet Liquidity Guidelines Amid Pending BSE Dues
NSE CLEARING, the clearing house of the National Stock Exchange (NSE), has failed to meet the capital markets regulator Sebi's mandated liquidity requirements, citing the non-payment of dues by rival BSE as the primary reason for the shortfall.
1 min
Sensex, Nifty slip; broader indices gain
BENCHMARK INDICES ENDED lower on Wednesday amid selling pressure in realty and consumer-facing shares due to profit booking. The Sensex declined 312.53 points, or 0.40%, to 78,271.28, while the Nifty fell 42.95 points, or 0.18%, to 23,696.30, as these indices failed to sustain the previous day's rally.
1 min
Rising demand: India's gold purchases go up 5% in 2024
RBI PURCHASES 73 TONNE, SHARE OF GOLD IN FOREX RESERVES HIGHEST EVER
2 mins
Sebi's pitch for combo products may work for small investors
However, the implementation could be complex
2 mins
India must be at forefront of AI revolution: Altman
Sam Altman, OpenAI CEO, believes India has the potential to lead the AI revolution, focusing on building the entire AI stack—from chips and models to applications. However, OpenAI faces legal challenges in India, and Altman's past comments on the difficulty of competing with OpenAI have caused controversy.
1 min
OpenAI to be affordable: CEO
STARTUPS CAN CREATE their own models using open-source models like DeepSeek and Meta's Llama.
1 min
Rupee plunges to new low on rate cut hopes
EVEN THE NEAR-term premiums have fallen 22 bps for 1 month and 10 bps for 1 year. The latter improved with easing of liquidity conditions.
1 min
Godrej Properties may meet full-yr pre-sales target
DESPITE A FALL in the Q3 pre-sales of Godrej Properties, brokerages expect the company to meet its full-year pre-sales guidance of ₹27,000 crore.
1 min
ONGC sets FY26 capex target at ₹36,920 crore
EXPECTS INCREMENTAL OUTPUT FROM MUMBAI HIGH BY MAR 2026
1 min
Finmin directs officers not to use ChatGPT, DeepSeek
THE FINANCE MINISTRY has directed its officers not to download or use AI tools and apps such as ChatGPT and DeepSeek in office computers and devices, saying they pose confidentiality risks to data and documents.
1 min
Most exit polls predict BJP win, 2 show AAP victory
Turnout down to about 57% against over 62% in 2020
3 mins
Climate action plan: India likely to skip February 10 deadline
Green Goal Miss
2 mins
Financial Express Ahmedabad Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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